politics
EU-US Trade Deal Faces Risk as Aerospace Truce Nears Expiration
A senior European Parliament member warned that the Airbus-Boeing subsidy dispute could jeopardize a recently concluded EU-US trade agreement if the five-year aerospace truce expires without extension. Lawmakers are scheduled to vote on the agreement next week.
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A senior member of the European Parliament warned that the Airbus-Boeing subsidy dispute could jeopardize an EU-US trade agreement if the five-year aerospace truce expires without extension. German MEP Bernd Lange, chair of the European Parliament's trade committee, told journalists on Thursday that the long-running dispute could strain transatlantic trade ties after a year of intense tensions.
The agreement, reached in July 2025, is scheduled for a vote in the European Parliament next Tuesday. Under its terms, the EU would eliminate duties on U.S. goods while maintaining a 15 percent tariff ceiling. Lawmakers included safeguards in the agreement to protect against future tariff threats and ensure the cap is respected.
The truce between Boeing and Airbus, which suspended retaliatory tariffs on $11.5 billion in trade, expires on 11 July. No extension has been announced. "Discussions with the US are ongoing to ensure stability and certainty and to continue the suspension of countermeasures on both sides," Commission deputy chief spokesperson Olof Gill told Euronews.
The U.S. Trade Representative is scheduled to decide in July whether to take action in the Section 301 investigation involving large civil aircraft disputes.
